Speaking with IncGamers, a Saul Zaentz representative confirmed that it's in talks with a number of publishers and developers and Warner Bros is currently the favourite to take over at the helm.
"We’re hoping that something will be out by Christmas this year, but we’re not sure. There have been a lot of changes in the last two years which have been unforeseen so that has a bearing. But we’re hoping for Christmas. We’re in negotiation right now, and we’ve spoken to a lot of videogame developers and publishers over the last few years including EA. This is something we’ve done with our colleagues at New Line Cinema, who are now Warner Bros. and weighed up the pros and cons," said Fredrica Droto.
"Warner Bros. is definitely a player, and yes they’re new into the field they’re working with some good people. We’ve had a relationship with Warner Bros. not only through the New Line experience, but for our film library."
It sounds like development hasn't even begun on the game, yet they hope to release it by the end of the year!?! Let's hope its better than Lord Of The Rings: Conquest.
The Saul Zaentz Company has also confirmed that it hopes to release a videogame based on The Hobbit later this year.